Hess complete! Most successful reorg/layoff in history! And our stock?…>
It’s almost like Wall Street doesn’t care! Good thing our entire company strategy is based on tap dancing for markets, and not actual performance! Totally worth incinerating thousands of jobs and unnecessary self inflicted damage!
look at the performance over the last few weeks. Most investors had priced in the takeover. If it went the other ways we'd be sub 130 now
Glad I don’t own that sh-t stock anymore
The price has essentially been flat deapite announcing both Hess and the game-changing-reorg-of-undeniable-glory…so what the actual fu-k have we accomplished here? Is it priced in? Too soon to tell? Or the most obvious desperation moves to no where, that doesn’t move the market needle? Wake up you blue koolaid drinking simps. If you think our leadership has any type of plan tethered to reality, you may be interested some beach front property have in Midland (adjacent to Lake Craddick, IYKYK)
It’s called “being priced in”
Totally. The only tangible growth in reserves, and the currently the only strategy we have for any type of growth, being met by a collective market yawn should just be ignored. Definitely not a sign investors see through our hand waving, and notice our general lackluster performance.
People are d-mb trying to react to this thing on a single day basis. Probably best to not do anything with stocks, kid.
@a4 - “Now point to where …” ? Think old dude id’d 7/8 for your question.
You ought to check out reading comprehension classes at HCC on Holman St.
Cheers, You’re Welcome !
You’re right, look at that stock just skyrocketing! $149 today!!! OP was wayyyyhh off. Now point to where the alleged tax benefits or reorg provided a bump…
OP - cvx stock price increased when merger news broke on 7/8: insider trading moved it from 147 to 153, jeez open your eyes
another blip - cvx gets to take advantage of Hess's past losses ($15 BILLION) to reduce future tax payments:
"Reports indicate that this merger will unlock approximately $15 billion worth of tax benefits that had previously been unavailable to Hess.
Essentially, the merger allows Chevron to utilize these tax loss carryforwards, effectively lowering the combined entity's tax rate for several years, according to analysts and tax experts"
yet another blip - those with keen situational awareness will note XOM's reaction/apology; this may indicate CVX's possible future legal action against XOM, we'll see.
go chevron